Nifty 50 Market Analysis for Tomorrow
**Nifty 50 Market Analysis for Tomorrow, 29th September 2023**
** interesting headline:**
**Nifty 50: Key Levels to Watch for Tomorrow's Trading**
**Analysis:**
Nifty 50 has good support levels at 19400. If the market breaks below 19400, then a further fall is possible. For an upside move, the market needs to close a 15-minute candle above 19600. The upper side resistance is at 19700.
**For tomorrow, the support and resistance levels are as follows:**
**Support:**
* 19500
* 19400
**Resistance:**
* 19600
* 19700
**If the market opens gap-up tomorrow, then 19400 will be a big support level.** If the market breaks below 19400, then it can go down to 19250-19300 zone.
**On the upper side, 19600 is a good resistance level for the market.** If the market breaks 19600 and sustains above it, then a buying side entry may be possible up to 19700. 19700 is also a resistance level for tomorrow.
**Overall, the market is in a volatile phase, and it is important to trade with caution.** Traders should keep a close eye on the support and resistance levels, and trade accordingly.
**Additional tips:**
* If you are a short-term trader, then you can look to trade the range between 19400 and 19600.
* If you are a medium-term trader, then you can look to buy if the market breaks above 19600 and sustains above it.
* If you are a long-term trader, then you can look to buy on dips, with a stop loss below 19400.
**Please note that this is just a market analysis, and it is not a trading recommendation. Please do your own research and consult with a financial advisor before making any trading decisions.**
** interesting headline:**
**Nifty 50: Key Levels to Watch for Tomorrow's Trading**
**Analysis:**
Nifty 50 has good support levels at 19400. If the market breaks below 19400, then a further fall is possible. For an upside move, the market needs to close a 15-minute candle above 19600. The upper side resistance is at 19700.
**For tomorrow, the support and resistance levels are as follows:**
**Support:**
* 19500
* 19400
**Resistance:**
* 19600
* 19700
**If the market opens gap-up tomorrow, then 19400 will be a big support level.** If the market breaks below 19400, then it can go down to 19250-19300 zone.
**On the upper side, 19600 is a good resistance level for the market.** If the market breaks 19600 and sustains above it, then a buying side entry may be possible up to 19700. 19700 is also a resistance level for tomorrow.
**Overall, the market is in a volatile phase, and it is important to trade with caution.** Traders should keep a close eye on the support and resistance levels, and trade accordingly.
**Additional tips:**
* If you are a short-term trader, then you can look to trade the range between 19400 and 19600.
* If you are a medium-term trader, then you can look to buy if the market breaks above 19600 and sustains above it.
* If you are a long-term trader, then you can look to buy on dips, with a stop loss below 19400.
**Please note that this is just a market analysis, and it is not a trading recommendation. Please do your own research and consult with a financial advisor before making any trading decisions.**
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